Society Of General Internal Medicine
- Assets
- $8.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 23
- Location
- Alexandria, VA
- Founding
- 04/1988
- Data as of
- 06/2022
- EIN
- 23-2532466
Organization Overview
Society Of General Internal Medicine is located in Alexandria, VA. The organization was established in 1988. According to its NTEE Classification (G03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Society Of General Internal Medicine employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of General Internal Medicine is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Society Of General Internal Medicine generated $4.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $4.4m during the year ending 06/2022. While expenses have increased by 7.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE IMPROVED PATIENT CARE TEACHING IN PRIMARY CARE AND GENERAL INTERNAL MEDICINE THROUGH ON-GOING EDUCATIONAL SEMINARS (INCLUDING THE ANNUAL MEETING), PUBLICATIONS, AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE IMPROVED PATIENT CARE, TEACHING AND RESEARCH IN PRIMARY CARE AND GENERAL INTERNAL MEDICINE THROUGH ON-GOING EDUCATIONAL SEMINARS (INCLUDING THE ANNUAL MEETING), PUBLICATIONS AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kay Ovington Deputy Exec | 40 | $159,135 | |
Eric Bass Exec Directo | 20 | $156,400 | |
Leroi S Hicks MD MPH Facp President | Trustee | $0 | |
Martha S Gerrity MD MPH PHD Fac President-El | Trustee | $0 | |
Patrick G O'connor MD MPH Treasurer | Trustee | $0 | |
Gail Daumit MD Mhs Secretary | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $387,957 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $627,225 |
| Total Program Service Revenue | $3,202,888 |
| Investment income | $170,785 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $309,018 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $322,532 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,663,511 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $104,409 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,465,218 |
| Pension plan accruals and contributions | $139,488 |
| Other employee benefits | $154,639 |
| Payroll taxes | $89,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $146,683 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,180 |
| Advertising and promotion | $0 |
| Office expenses | $9,221 |
| Information technology | $364,726 |
| Royalties | $0 |
| Occupancy | $31,968 |
| Travel | $27,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,064,336 |
| Interest | $5,502 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,244 |
| Insurance | $15,131 |
| All other expenses | $271,727 |
| Total functional expenses | $4,435,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,843,388 |
| Savings and temporary cash investments | $70,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,891 |
| Net Land, buildings, and equipment | $1,312,143 |
| Investments—publicly traded securities | $5,044,219 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $347,279 |
| Total assets | $8,704,699 |
| Accounts payable and accrued expenses | $61,483 |
| Grants payable | $0 |
| Deferred revenue | $505,663 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $122,917 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $690,063 |
| Net assets without donor restrictions | $4,775,015 |
| Net assets with donor restrictions | $3,239,621 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,704,699 |